Financial Aid Basics

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Give us a call: 877-MERCY-GO

Hours:

Monday - Thursday: 9:00 AM - 7:00 PM

Friday: 9:00 AM - 5:00 PM

Saturday*: 9:00 AM - 2:00 PM

*Office is open only the 2nd and 4th Saturdays of the month.

Types of Financial Aid

From federal to state grant to private scholarships, Mercy has countless options to help you pay for college.

Federal and state grants: Help you with college expenses. Grants are "free" money and do not have to be repaid. Your family's financial circumstances determine your eligibility and amount you can receive
Direct Loans: Loans help you pay for tuition and other expenses, but must be repaid. Loans are backed by the Department of Education
Private scholarships: Many organizations, fraternal societies, unions, high schools and religious groups offer scholarships. Most of these private scholarships require that you meet organization-specific criteria to qualify
Federal Work-Study program: Provides students with part-time employment. Students usually work a limited number of hours per week and may work on campus in a variety of departments. Off campus, Federal Work-Study jobs are limited to nonprofit, non-sectarian and non-political organizations

Applying for Financial Aid

The first thing you should do is fill out a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov.

You and your parents will be able to "sign" the application electronically by getting a PIN (Personal Identification Number) at pin.ed.gov.

How to File a FAFSA

To file the FAFSA, you will need:

Copy of you and your parents' most recent federal tax return (if you are married, a copy of your spouse's tax returns if filing separately)
Mercy College Federal code: 002772

*Note: the sooner you file, the better. Filing early makes it easier to determine what additional monies you might need.

Are you Eligible?

In addition to documenting financial need, you must:

Be a U.S. citizen or eligible non-citizen - Students with permanent resident status must provide alien registration information
Be regularly admitted to and enrolled at Mercy College as a matriculated student
Be enrolled full time - To be eligible for many types of scholarship and financial aid. Full time means 12 credits per semester as an undergraduate. Some types of aid, depending upon program restrictions and available funds, may be awarded to student enrolled in as few as 6 credit hours

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